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DOGE Large Transactions Hit Milestone as Investors Eye More Gains

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Hand holding gold Dogecoin with blurred candlestick chart in the background. DOGE is the most popular meme coin in cryptocurrency world.

Dogecoin transactions worth more than $100,000 have reached a four-month high of 2,440, interpreted as a market repositioning for big moves.

Source: Twitter

Dogecoin Large Transactions

Dogecoin Large Transactions

DOGEUSD is up +1.33%

The surge comes after the announcement that the acquisition of Twitter by Elon Musk for $45 billion has been finalized at $54.2 per share.

Cryptocurrency analyst Ali Martinez maintains that the DOGE is projected to rise to $0.24 after breaking from a wedge pattern in the past week.

The meme tokens have also increased in market capitalization to about $2 billion in the period that Musk and Twitter were pondering about the deal.

The confirmation has pushed the price of DOGE up by 32.69% to trade at $0.1652 in the past day and 18.16% in the past seven days. Dogecoin is expected to rise as much as $0.5 in the year.

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